NEW NAVY CHIEF TAKES CHARGE Newly appointed Naval Chief Admiral R Hari Kumar hugs his mother during his charge taking ceremony in New Delhi on Tuesday. He was serving as the Flag Officer Commandingin-Chief of the Western Naval Command before taking the reins of the Navy. He replaced Admiral Karambir Singh who has retired after 41 years of service | PTI | TIRUCHY WEDNESDAY DECEMBER 1, 2021 `7.00 PAGES 14 LATE CITY EDITION CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI THE UPSIDE EXCEEDS EXPECTATIONS GDP grows 8.4% in the July-August 2021 quarter better than analysts’ expectations Indian economy had grown 20.1% in the previous quarter but that was due to low base effect FMCG slips Latest GDP growth numbers show that India’s economic growth has surpassed pre-Covid levels FY22 CORE SECTOR UP The govt estimates fiscal deficit at 6.8% of the GDP in the current fiscal India likely to have double-digit growth this fiscal, aided by rising demand and a robust banking sector Chief Economic Adviser K V Subramanian The output of eight core sectors rose 7.5% in October on healthy performance by coal, natural gas, refinery products and cement segments The FMCG sector grew 12.6% annually in Q2 againt 36.9% in Q1, according to market research firm Nielsen The production of eight infrastructure sectors (coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity) had contracted 0.5% in October 2020 Rural markets saw 2.9% dip in volume due to slowdown in consumption Growth engine picks up speed GDP expands 8.4% in second quarter, beats expectations and surpasses pre-Covid levels A N U R A D H A S H U K L A @ New Delhi INDIA’s GDP grew 8.4% in the July-September 2021 quarter, on the back of improving private consumption and industrial activities, giving the government hope that growth will be in double digits in the current financial year. The growth has surpassed pre-Covid levels. In value terms, GDP stood at `35,73,451 cr during July-September 2021, higher than the `35,61,530 crore recorded in the corresponding period in 2019-20, before Covid. The economy had contracted 7.4% in July-September quarter of 2020-21, data released by the National Statistical Office showed. “Overall growth for the first half has been 13.7%. So, even a little more than 6% growth in the subsequent quarters should be able to deliver double-digit growth for this year,” said Chief Economic Advisor K V Subramanian. This confidence was boosted by the output of the eight core sectors, which grew 7.5% in Oc- SCAM DETECTED? AIADMK govt’s land sale under DVAC scanner C S H I V A K U M A R @ Chennai THE Directorate of Vigilance and Anti-Corruption (DVAC) has launched a probe into the transfer of 3.45 acres of government land in favour of Baashyaam Constructions, a Chennai-based real estate company, and held an inquiry with RS Bharathi, the DMK Rajya Sabha Member of Parliament who brought the issue to the fore. Bharathi told TNIE he was questioned by the investigating officer about a Government Order (GO) from the Revenue and Disaster Management Department dated February 8. Bharathi had submitted a petition to the then governor Banwarilal Purohit seeking for a criminal complaint to be registered against the then chief minister Edapaddi K Palaniswami, deputy CM O Panneerselvam, and revenue minister RB Udhayakumar over the issue. Permission was given for construction of a world-class hypermarket and mall, which would generate 7,500 jobs, but the land was given to a private developer to build residential P4 flats, said Bharathi. tober against a 0.5% contraction a year ago. Agriculture was steady despite an uneven monsoon, while other sectors showed signs of improvement. Notably, private final consumption expenditure in the economy grew 8.6% growth at `19,48,346 crore against `17,93,863 crore. The government’s final consumption expenditure also grew from `3,32,582 crore to `3,61,616 crore. Experts, however, advise caution. “The disaggregated data is far from convincing, with considerable lags in private and government consumption expenditure being absorbed by a sharp rise in valuables relative to the pre-Covid level of Q2 FY2020,” said Aditi Nayar, chief economist at ICRA. The latest NielsenIQ’s FMCG Snapshot for the third quarter of 2021 narrates a mixed bag consumption story. While the FMCG sector grew at 12.6% in the July-September quarter, the growth was urban led with rural India seeing a slowdown due to consumption decline. THE DOWNSIDE CHALLENGE OF URBAN UNEMPLOYMENT IS YET TO BE ADDRESSED, AS THE JOBLESS FIGURE CLIMBED MARGINALLY DESPITE THE ECONOMY DOING BETTER UNEMPLOYMENT RATE AMONG FEMALES IN URBAN AREAS Jan-Mar 2020 E X P R E S S N E W S S E R V I C E @ New Delhi 10.6% 13.1% Oct-Dec 2020 Jan-Mar 2021 11.8% UNEMPLOYMENT RATE AMONG MEN IN URBAN AREAS Oct-Dec 2020 Jan-Mar2021 9.5% 8.6% Unemployment rate inches up to 9.3% in Jan-March qtr: NSO E X P R E S S N E W S S E R V I C E @ New Delhi URBAN unemployment rate has increased to 9.3% in the January-March 2021 period from 9.1% in the year-ago period, according to a periodic labour force survey by the National Statistical Office (NSO). While 9.3% is lower than the peak urban unemployment level of 20.8% recorded in the April-June quarter of last year, it is still at higher than preCovid levels. CMIE data The figures, released on Tuesday also showed that un- According to , employment among women is the monthly rising as 11.3% women in the unemployment labour force found themselves data released without a job in the January- by the Centre March 2021 quarter compared for Monitoring to 10.6% in the year-ago peri- Indian od. Unemployment among Economy males remained at the same (CMIE), joblessness in level as last year, at 8.6%. Labour force participation the country rate (percentage of persons stood at 7.13% in labour force in the popula- as on tion) in urban areas came November 29 down to 47.5% in JanuaryMarch quarter of 2021, compared to 48.1% in the same period a year ago. Women’s participation in the labour force at 21.2% in the January-March quarter was lower than 21.9% in the same quarter previous year though it was better than 20.6% in the October-December 2020 quarter. The working population ratio, defined as the percentage of employed persons in the population, stood at 43.1% in January-March 2021, down from 43.7% a year ago. New homes promised, but slum dwellers’ hopes sink in Cooum K V N A V YA @ Chennai DELAY on the part of government officials has left 150 families residing by the Cooum at Radhakrishnan Nag ar in Arumbakkam huddled in a community hall, their homes of 50 years in hip-deep water and their possessions ruined after the river breached its banks over the weekend. Officials had issued them tokens in September and assured resettlement in three weeks but failed to follow through. Meanwhile the residents have lost their belongings, life savings, and hope. When contacted on Tuesday Corporation , officials still claimed tokens are being sorted out for eligible families and they would be resettled “soon”. This is small consolation to 35-year-old Selvi* who spent Friday night, when rains battered the city watching the wa, ter levels in her home rise. By morning, the water was up to her neck. Just minutes after Corporation personnel rescued her family she saw her thatched , house vanish beneath the water. Only on Tuesday did the water start to recede. At the community hall, most residents don’t even have a change of clothes. “We have nowhere to go. Once the water recedes fully, there will be at least 3-4 ft of slush and silt in our houses. It will take a week to clean up, and we’ll then have to find out if any valuables were stolen. Our belongings have already been destroyed. We want to move out before the next spell of rains,” said one of them. Yet, doubts remain as to whether officials who’ve delayed resettling the community since July will act swiftly now. “There are 150 houses on this side of the Cooum, and 93 on the other. We came here 50 years ago, and people started occupying the other side about five years back. We were shocked when the government relocated those 93 families before us,” said Ibrahim Basha, one of the residents. SUSPENDED MPS HOLD PROTEST, PARALYSE HOUSES Radhakrishnan Nagar flooded with water from the Cooum, in Chennai on Tuesday | R SATISH BABU ‘Govt gave us false promise’ Residents said that during the first round of evictions, the govt said they don’t need to shift as a drain would be built. “Later we realised, they’d promised a drain just to stop us from protesting,” they added A day after 12 Opposition Rajya Sabha members were suspended for unruly behaviour during the monsoon session, they decided to sit in protest near the Gandhi statue in Parliament as Upper House Chairman Venkaiah Naidu rejected demands to revoke their punishment. While the Centre made the review of Naidu’s order conditional on the MPs apologising for their conduct, the Opposition brushed it away “Apology for . what? For raising the voice of people in the House? Never,” Congress leader Rahul Gandhi said. Floor leaders of the Opposition met twice to discuss various options. It was agreed that since boycotting the proceedings would give the Centre a free hand to pass legislation without discussion, Opposition MPs should stay in the House and continue to press the Centre. The Trinamool Congress did not attend the Opposition meetings. Leader of Opposition in Rajya Sabha Mallikarjun Kharge raised the matter in the House and also wrote to Naidu calling his decision “undemocratic and unwarranted. While the Opposition walked out of the Rajya Sabha, Trinamool members walked out separately However, all 12 MPs will sit together in . dharna during the entire winter session. The Lok Sabha, too, witnessed repeated adjournments. Speaker Om Birla called a meeting of the floor leaders to sort it out, but with little success. JAB-O-METER TAKE YOUR SHOT November 29 70,85,126 doses November 30 72,49,189 doses TOTAL: 1,24,01,57,719 NATIONWIDE NOV 29 NOV 30 Fresh cases 8,309 6,990 Recoveries Deaths 9,905 236 10,116 190 TAMIL NADU NOV 29 NOV 30 Fresh cases 730 720 Recoveries Deaths 767 9 758 9 EXPRESS READ EPS, OPS expel Anwhar Raajha from AIADMK Chennai: AIADMK coordinator O Panneerselvam and joint coordinator Edappadi K Palaniswami expelled minorities’ wing secretary A Anwhar Raajha from the party on Tuesday. This comes a day ahead of the party’s executive committee meeting
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